New clients often ask these questions: what is invoice factoring, how long has it been used and how can it help me grow my security business?
Excellent questions! First, here’s information about the history of receivables factoring.
Invoice factoring is a time tested form of business funding.
Here are examples of famous people who have used receivables factoring:
- King Hammurabi, who was probably the earliest factor (factoring lender)
- Christopher Columbus, who used a form of factoring to buy his now-famous ships: the Pinta, the Nina and the Santa Maria
Next, here’s information about how factoring works.
With receivables factoring as your form of business funding:
You boost your cash flow management by receiving fast cash based on the amount of your outstanding receivables. So, you take on no new debt.
Here’s more information about how you can boost cash flow management through factoring.
Now, let’s address your last question: how can accounts receivable factoring help me grow my security business?
With accounts receivable factoring, you can:
- Meet payroll and payroll taxes, along with other expenses, without worry
- Expand your service area geographically and/or grow your business in the ways you choose
- Offer better payment terms to your clients – and take advantage of them yourself
When you choose MP Star Financial for your security business funding, you pay no hidden fees.
In fact, if you send us a current contract or proposal from another receivables factoring company:
- We will show you the hidden fees and save your security company money
- If we can’t save you money, we will pay you $250 in cold hard cash
That’s how confident we are that we can provide you with the best cash flow management solution.
Apply for your accounts receivable factoring online today or call us at 1-800-833-3765, x. 150.
